Wipro (NYSE: WIT) plans full DTS acquisition from Harman with 2025 target
Rhea-AI Filing Summary
Wipro Limited has reported that it agreed to acquire 100% of the shareholding in Harman Connected Services Inc. and its subsidiaries and certain other assets, collectively referred to as DTS, from Harman International Industries, Inc.
The company informed the Indian stock exchanges where its securities are listed and the New York Stock Exchange about this agreement on August 21, 2025, and indicated that the acquisition is expected to be completed by December 31, 2025. Wipro also issued a press release on the same day describing the DTS acquisition, and both the exchange notification and the press release are attached as exhibits to this report.
Positive
- None.
Negative
- None.
Insights
Wipro plans a full DTS acquisition from Harman, with completion targeted by December 31, 2025.
Wipro Limited has entered into an agreement to acquire 100% of the shareholding in DTS (Harman Connected Services Inc., its subsidiaries, and certain other assets) from Harman International Industries, Inc.. This represents a full transfer of ownership in the DTS business to Wipro once the deal closes.
The agreement has been disclosed to the Indian stock exchanges where Wipro’s securities are listed and to the New York Stock Exchange, and the company has provided a press release describing the transaction. The acquisition is expected to be completed by